Submission in support of our Covid-19 funding petition

Submission in support of our Covid-19 funding petition

The Positive Money team has followed up our parliamentary petition with a submission to Parliament. Positive Money launched its petition to offer an alternative to the emergency Covid-19 financing mechanism known as quantitative easing (QE) or ‘Large Scale Asset...

Large scale squandering by the Reserve Bank

The Reserve Bank is embarking on a scheme that will squander $28 billion, according to Don Richards, the National Spokesperson for Positive Money New Zealand (PMNZ).  Through its so-called Funding for Lending programme, the Reserve Bank will provide $28 billion...
There is a free lunch, Minister

There is a free lunch, Minister

In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”.  He did not say that it is not technically...